Health crises, geopolitical unrest and cyber attacks make securing the supply chain more vital than ever. Every supply chain comprises suppliers, transport systems and information flows. Any incident, however minor, can affect production, increase costs or erode customer confidence. So how do you secure your supply chain?

Total Cost of Ownership (TCO) is a financial method that evaluates all the costs associated with the acquisition, use and maintenance of a good or service throughout its life cycle. This approach goes beyond the simple purchase price. It also incorporates direct and indirect costs, providing a global view of the expenditure incurred.

In a constantly evolving industrial environment, where competitiveness depends on responsiveness and resource optimization, supply chain management […]

OEM, ODM, and OBM: What Are the Differences in Production? Understanding Manufacturing Models In industry, production is […]

In a dynamic and growing industrial world, product design is not just an idea. There is a […]

In the industrial and professional equipment sectors, the purchase price of a product or service represents only a fraction of the total expense. Beyond the initial cost, it’s essential to evaluate all direct and indirect costs associated with its use over its entire lifecycle. This is where the **Total Cost of Ownership (TCO)** comes into play. Adopting a TCO-based approach allows companies to optimize budgets, improve profitability, and make more informed purchasing decisions. Let’s break down this concept and explore how to manage it effectively.

The business world in China is built on several cultural pillars, one of which is the concept of *Mianzi*. Closely related to the idea of “saving or losing face” in France, this cultural value shapes behavior and etiquette. Understanding it is essential before entering negotiations with Chinese counterparts. Here’s a detailed guide with practical tips to help you avoid missteps in the Middle Kingdom.

The industrial environment has continuously evolved. Continuous improvement has now become an actionable lever to optimize production, reduce inefficiencies, and enhance product and service quality. Inspired by concepts such as Lean Management, the PDCA Cycle, and the Kaizen Method, this approach aims to make production processes more efficient while increasing customer satisfaction. How does a continuous improvement approach work? What are its key principles, and how can it be implemented within an industrial company? This article guides you through the methods, tools, and best practices to successfully drive this transformation.

The Kanban method originates from the Japanese automotive industry. This project management tool is widely used in factories for its pragmatic approach. It helps optimize production processes through Lean methodology. Want to apply Kanban to your business? MWT Sourcing explains it in just a few steps!